A country's ________ is a summary of all economic transaction between one country and the rest of the world,over a given period of time.
A) balance of payments
B) chart of accounts
C) global financial system
D) international monetary system

Question

Quizplus · Accepted Answer

The balance of payments is a statement of all transactions made between one country and the rest of the world during a specific time period, including imports, exports, investments, and financial transfers. It includes the current account, capital account, and financial account, and provides a complete picture of a country's economic relations with other nations. The other choices, including a chart of accounts, global financial system, and international monetary system, do not specifically relate to a country's economic transactions with the rest of the world.

A Country's ________ Is a Summary of All Economic Transaction